CNQQ vs. JCHI
CNQQ (Rayliant-ChinaAMC Transformative China Tech ETF) and JCHI (JPMorgan Active China ETF) are both China Equities funds. CNQQ is passively managed, while JCHI is actively managed. Their correlation of 0.88 suggests significant overlap in exposure. CNQQ charges 0.75%/yr vs 0.65%/yr for JCHI.
Performance
CNQQ vs. JCHI - Performance Comparison
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Returns By Period
In the year-to-date period, CNQQ achieves a 7.00% return, which is significantly higher than JCHI's -2.76% return.
CNQQ
- 1D
- -4.49%
- 1M
- -0.53%
- YTD
- 7.00%
- 6M
- 6.50%
- 1Y
- —
- 3Y*
- —
- 5Y*
- —
- 10Y*
- —
JCHI
- 1D
- -3.24%
- 1M
- -5.54%
- YTD
- -2.76%
- 6M
- -4.59%
- 1Y
- 12.00%
- 3Y*
- 7.47%
- 5Y*
- —
- 10Y*
- —
CNQQ vs. JCHI - Yearly Performance Comparison
| 2026 (YTD) | 2025 | |
|---|---|---|
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF | 7.00% | -5.96% |
JCHI JPMorgan Active China ETF | -2.76% | -3.91% |
Correlation
The correlation between CNQQ and JCHI is 0.88, indicating a strong positive relationship between their price movements. Combining them offers limited diversification - they tend to fall together during downturns.
| Correlation | |
|---|---|
Correlation (All Time) Calculated using the full available price history since Sep 29, 2025 | 0.88 |
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Return for Risk
CNQQ vs. JCHI — Risk / Return Rank
CNQQ
JCHI
CNQQ vs. JCHI - Risk-Adjusted Trends Comparison
This table presents a comparison of risk-adjusted performance metrics for Rayliant-ChinaAMC Transformative China Tech ETF (CNQQ) and JPMorgan Active China ETF (JCHI). Risk-adjusted metrics are performance indicators that assess an investment's returns in relation to its risk, enabling a more accurate comparison of different investment options.
Risk / return metrics aren't available yet — we need at least 12 months of trading data to calculate them.
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Sharpe Ratios by Period
| CNQQ | JCHI | Difference | |
|---|---|---|---|
Sharpe Ratio (1Y)Calculated over the trailing 1-year period | — | 0.68 | — |
Sharpe Ratio (All Time)Calculated using the full available price history | 0.04 | 0.20 | -0.17 |
Drawdowns
CNQQ vs. JCHI - Drawdown Comparison
The maximum CNQQ drawdown since its inception was -17.82%, smaller than the maximum JCHI drawdown of -29.57%. Use the drawdown chart below to compare losses from any high point for CNQQ and JCHI.
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Drawdown Indicators
| CNQQ | JCHI | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -17.82% | -29.57% | +11.75% |
Max Drawdown (1Y)Largest decline over 1 year | — | -14.37% | — |
Max Drawdown (3Y)Largest decline over 3 years | — | -27.47% | — |
Current DrawdownCurrent decline from peak | -5.54% | -10.41% | +4.87% |
Average DrawdownAverage peak-to-trough decline | -9.17% | -13.33% | +4.16% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | — | 5.96% | — |
Volatility
CNQQ vs. JCHI - Volatility Comparison
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Volatility by Period
| CNQQ | JCHI | Difference | |
|---|---|---|---|
Volatility (1M)Calculated over the trailing 1-month period | — | 6.68% | — |
Volatility (6M)Calculated over the trailing 6-month period | — | 12.75% | — |
Volatility (1Y)Calculated over the trailing 1-year period | 24.91% | 17.85% | +7.06% |
Volatility (5Y)Calculated over the trailing 5-year period, annualized | 24.91% | 24.91% | 0.00% |
Volatility (10Y)Calculated over the trailing 10-year period, annualized | 24.91% | 24.91% | 0.00% |
CNQQ vs. JCHI - Expense Ratio Comparison
CNQQ has a 0.75% expense ratio, which is higher than JCHI's 0.65% expense ratio.
Dividends
CNQQ vs. JCHI - Dividend Comparison
CNQQ's dividend yield for the trailing twelve months is around 0.24%, less than JCHI's 1.86% yield.
| Position | TTM | 2025 | 2024 | 2023 |
|---|---|---|---|---|
CNQQ Rayliant-ChinaAMC Transformative China Tech ETF | 0.24% | 0.09% | 0.00% | 0.00% |
JCHI JPMorgan Active China ETF | 1.86% | 1.81% | 2.12% | 2.13% |
Frequently Asked Questions
CNQQ and JCHI have a correlation of 0.88, meaning they provide meaningful diversification benefit when combined. Depending on your allocation goals, holding both could reduce overall portfolio risk.
On fees, JCHI is cheaper at 0.65% per year. The better choice depends on whether you care most about return, fees, risk, or income.
JCHI is cheaper with a 0.65% expense ratio, compared with 0.75% for CNQQ.
JCHI has the higher dividend yield at 1.86%, compared with 0.24% for CNQQ.
They also come from different issuers: Rayliant and JPMorgan. Their fees differ too: 0.75% for CNQQ and 0.65% for JCHI.
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